US stocks dip as stimulus hopes waver and jobless claims hit 11-week high - Business Insider

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US stocks dip as stimulus hopes waver and jobless claims hit 11-week high

Cathie Wood is beating 99% of fund managers this year. The ARK CEO and her team share their outlooks for 2021 — including thoughts on Tesla's $5 billion stock sale, the Salesforce-Slack tie-up, and bitcoin's meteoric rise.

"The jump in weekly unemployment claims was partially due to a rebound from lower claims during Thanksgiving week, but the trend of more Americans losing jobs is clearly rising over the last month," Robert Frick, corporate economist at Navy Federal Credit Union, said. On the stimulus front, Democratic and Republican leaders remain at odds over key elements of their respective proposals. Senate Majority Leader Mitch McConnell offered a package that omitted pandemic-related liability protections for businesses and state and local government aid. House Speaker Nancy Pelosi balked at the proposal, and Senate Minority Leader Chuck Schumer emphasized the need for more state and local relief.

The House voted Wednesday night to fund the government for another week and buy extra time for stimulus talks.

 

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stimulus. something big someone is willing and able to evacuate like a turd but needs someone else to bend over and watch in a gesture of compassionate approval while he is in labor.

BeemrajBhagwan6 McConnell you need to get something done now. We are already facing a dark and sad winter, people are needing help now. senatemajldr

senatemajldr. As they dwindle for one reason, and one reason only. That being the actions of the senate “leader.”

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